- Business
- Greenply Industries Limited (GREENPLY.BO), headquartered in Kolkata, West Bengal, India, and founded in 1994, manufactures and markets a comprehensive portfolio of interior infrastructure products including plywood, blockboards, decorative veneers, flush doors, specialty plywood such as film-faced and E-zero variants, medium density fibreboards (MDF), polyvinyl chloride (PVC) boards and doors, and furniture hardware through its joint venture Greenply Samet Pvt. Ltd. The company operates state-of-the-art manufacturing facilities in India across Nagaland (Tizit), West Bengal (Kriparampura), Gujarat (Bamanbore and Vadodara), Uttar Pradesh (Sandila), and Uttarakhand (Pantnagar), with additional veneer production units in Myanmar and Gabon, West Africa, serving over 7,500 channel partners in 28 states and 6 union territories. Greenply targets residential and commercial builders, distributors, dealers, and retailers across India and exports select products internationally, emphasizing sustainability through zero-emission products, ESG initiatives, and a green vision to plant 100 million saplings by 2028.
Recent developments include the expansion of MDF manufacturing capacity from 800 CBM to 1,000 CBM per day at its Pantnagar facility, supporting 16.1% year-over-year revenue growth in the MDF segment during Q2 FY26; board approval on November 4, 2025, for a Rs 15 crore loan to wholly-owned subsidiary Greenply Speciality Panels Private Limited for working capital and to its other subsidiary Greenply Sandila Private Limited for a new plywood unit in Semiliguda, Koraput, Odisha; re-appointment of Rajesh Mittal as Chairman and Managing Director for five years effective January 1, 2026; and strong performance in its Greenply Samet furniture fittings joint venture with 74% quarter-on-quarter revenue growth to Rs 11.30 crore in Q2 FY26.